| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 40% | 39% | 0.8% |
| Shorts | 60% | 61% | -0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
During previous trading session, the XAU/USD exchange rate dropped to the 1,580.00 level. During Monday morning, the rate was testing the resistance formed by the monthly PP at 1,607.96.
If the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case it is unlikely that the price for gold could decline below the psychological level at 1,570.00.
It is unlikely that bulls could prevail in the market, and the exchange rate could exceed the 1,640.00 mark due to the resistance formed by the 55-, 100– and 200-hour SMAs.